In an annual shareholders` meeting here on Friday the bank decided to retain 80 percent or Rp2.421 trillion of its profit to strengthen its capital.
The fund would be used for credit and business expansion, the bank`s chief executive Maryono said.
The smallest state lender recorded a performance above the average by banks in credit expansion in the country in 2017, Maryono said, adding the bank would maintain its performance with high credit expansion.
In 2017, Bank BTN recorded a 21.01 percent growth in credit and in 2018, it hopes to increase the credit expansion to 22-24 percent.
The bank also hopes to increase the third party fund it holds by 19-22 percent this year and its net profit is predicted to rise 25 percent.
The meeting decided to replace a number of the members of its board of directors with Maryono retaining the post of chief executive.
The new Board of Directors and Board of Commissioners are made up as follows:
Chief Executive : Maryono
Director of Finance & Treasury : Iman Nugroho Soeko
Director of IT & Operation : Andi Nirwoto
Director of Commercial Banking : Oni Febriarto Rahardjo
Director of Strategy, Compliance & Risk : R. Mahelan Prabantarikso
Director of Collection,Asset Management : Nixon L.P Napitupulu
Director of Consumer Banking : Budi Satria
Director of Distribution & Network : Dasuki Amsir
Director of Strategic Human Capital : Yossi Istanto
Chief Commissioners/Independent : I Wayan Agus Mertayasa
Independent commissioner : Kamaruddin Sjam
Independent commissioner : Arie Coerniadi
Independent commissioner : Lucky Fathul Aziz Hadibrata
Independent commissioner : Garuda Wiko
Commissioner : Sumiyati
Commissioner : Maurin Sitorus
Commissioner : Iman Sugema
Commissioner : Parman Nataatmadja